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Tag Archives: Lagarde

Lagarde: IMF participation only if Greece’s debt is sustainable

The International Monetary Fund participate in the Greek program only if the country’s debt is judged as sustainable, the Fund’s managing director Christine Lagarde said in an interview to representatives of leading European newspapers. Additionally, she said talks over the Greek debt must first be completed before the IMF decides …

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Lagarde like Schaeuble: First Reforms then Debt Relief Measures

The International Monetary Fund fully adopted the line of German Finance Minister Wolfgang Schaeuble. Managing Director Christine Lagarde said that debt restructuring for Greece was needed but the IMF will not insist on upfront debt relief measures. Modalities must be decided upfront, Lagarde said adding that the IMF is  still …

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Greece’s Debt: Lagarde launches new round of argument with Schaeuble

Managing director of the International Monetary Fund, Christine Lagarde, said that she disagrees with German Finance Minister Wolfgang Schaeuble over Greece’s financial problems. “I am not aligning myself with Minister Schaeuble who says that Greece’s problem is not debt but productivity,” Lagarde said in an interview to conservative-leaning American Enterprise …

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IMF dismisses news it plans to join Greek Program with $3bn to $6bn

Spokesman of the International Monetary Fund, Gerry Rice, dismissed media reports according to which the IMF will join the Greek program with a small loan somewhere between three and six billion dollars. Rice insisted that there has been no discussion at the IMF board about any amount. Gerry Rice‏ @IMFSpokesperson As …

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Tsipras asked for the IMF’s participation, sees deal in April

Prime Minister Alexis Tsipras confirmed on Friday that he had asked managing director Christine Lagarde for the participation of the International Monetary Fund in the Greek program. Greece’s request was reveled by Lagarde a day earlier. The previous approach of the Greek government “We can do also without the IMF” …

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Mnuchin: US wants IMF to stick to hard line on Greece

Treasury Secretary Steven Mnuchin made it clear that the Trump administration does not think much neither of the European Union, nor the Eurozone nor Greece. In an interview to the Wall Street Journal, Mnuchin suggested that the US wants the International Monetary Fund to stick to its hard line on …

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Lagarde: Greece doesn’t need Debt Haircut but Restructuring

Managing Director of International Monetary Fund, Christine Lagarde, said that “Greece doesn’t need debt haircut for the time being,” right after the meeting with German Chancellor Angela Merkel in Berlin on Wednesday. What needed is “debt restructuring and interest rate cuts on bailout loans.” Stressing the need of reforms, Lagarde …

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Der Spiegel: IMF will participate with €5bn in Greece’s program

The International Monetary Fund is likely to contribute up to 5 billion euros to the third bailout package for Greece, German magazine Der Spiegel said in an unsourced report published on Friday. It said European lenders were now expecting a sum of this size after originally having hoped for 16 …

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IMF divided over Greece: Program Exit or just Debt Relief?

The International Monetary Fund is divided over the Greek Program. Poul Thomsen, the head of IMF’s European Department,  now openly supports that the IMF should overall exit the Greek Program. In his report, Thomsen contends that the problem is not only economical because Greece is considered as “non repairable” but …

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IMF’s Lagarde favors Greece to permanently host the Olympic Games

Managing Director of International Monetary Fund, Christine Lagarde, has suggested Greece to permanently host the Olympic Games arguing that this will boost the country’s economy. Standing Qestions & Answers during the Aspen Ideas Festival, Lagarde said that such a move would help boost the Greek economy by attracting international investments …

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Lagarde tells Tsipras: credit event is “simply nonsense”, asks guarantee for IMF’s team “personal safety”

Managing Director of International Monetary Fund, Christine Lagarde, replied to the letter sent on Saturday by Greek Prime Minister Alexis Tsipras not with a letter but with a Press Release posted on the IMF’s official website. In order to “enhance transparency of dialogue”, you know. Christine Lagarde defends the view …

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IMF comments on WikiLeaks, Greece’s PM sends letter to Lagarde

The International Monetary Fund did not dismiss the WikiLeaks transcript of a conversation between IMF Europe Desk, Poul Thomsen and IMF’s Greek program responsible Delia Velculescu. Speaking to Washington correspondent of Greek state broadcast Lena Argiri, an IMF source said: IMF:we do not comment on leaks or supposed reports of …

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